Is Spectrum Brands Holdings, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Spectrum Brands Holdings, Inc. has moved from attractive to expensive, indicating a shift in perception regarding its market value. The company is currently considered overvalued, with a P/E ratio of 24, an EV to EBITDA of 10.63, and a Price to Book Value of 1.09. In comparison, peers such as SharkNinja, Inc. have a P/E of 30.20 and Whirlpool Corp. has a P/E of 37.42, both indicating that Spectrum Brands is trading at a lower valuation relative to some competitors.
The recent stock performance further underscores the valuation concerns, as Spectrum Brands has experienced a year-to-date return of -35.64%, significantly underperforming the S&P 500's gain of 16.30% during the same period. This stark contrast in returns reinforces the view that the stock may be overvalued given its declining performance relative to broader market trends.